Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage of the original price.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Front

What is sales tax?

Back

Sales tax is a percentage of the cost of an item that is added to the total price at the time of purchase.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal) and add that amount to the original price.

Front

What does it mean to add tax to a total?

Back

Adding tax to a total means increasing the original price by a certain percentage to account for government taxes.

Front

What does it mean to subtract a discount from a total?

Back

Subtracting a discount from a total means reducing the original price by a certain percentage to lower the cost.

Front

If an item costs $100 and has a 20% discount, what is the new price?

Back

The new price is $80. (Calculation: $100 - ($100 * 0.20) = $80)

Front

If an item costs $50 and has a 10% sales tax, what is the total cost?

Back

The total cost is $55. (Calculation: $50 + ($50 * 0.10) = $55)

Front

What is the formula for calculating the final price after a discount?

Back

Final Price = Original Price - (Original Price * Discount Percentage)

Front

What is the formula for calculating the final price after tax?

Back

Final Price = Original Price + (Original Price * Tax Rate)